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LATEST NEWS UPDATES ON ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

The foundations for the much-touted Mumbai-Ahmedabad High Speed Rail (MAHSR) or bullet-train project using Japanese ‘Shinkansen’ technology is going to be laid during the visit of Japanese Prime Minister Shinzo Abe here in September 12-14.

Mining conglomerate Vedanta Ltd's consolidated profit after tax doubled to Rs 1,525 crore for the quarter through June, driven by strong show in zinc and oil and gas businesses, the company said today.

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for the second quarter and first half of 2017.

UK's top funding agency the Global Challenges Research Fund of the Research Councils UK (RCUK), has included India among several countries which would receive financial assistance worth 225 million pounds.

Some 800 inactive wind turbines and a further 400 operating in curtailed mode adding up to 860MW in capacity in India could be re-activated now that a long legal dispute has been resolved and Enercon is able to re-enter the Indian market.

Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia`s largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said.

Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and Government of NCT of Delhi, today announced revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad to offset the overall impact on its costs after transition to GST regime.

The U.S. Transportation Department said on Tuesday it may revise auto fuel efficiency requirements starting with the 2021 model year, a year earlier than previously disclosed, and could adopt lower standards through 2025.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.91 per barrel (bbl) on 24.07.2017.

Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and higher fuel prices, Goldman Sachs said in a research note on refining on Monday.

Indian Institute of Management, Lucknow (IIM-L) and Hindustan Petroleum Corporation Limited (HPCL) have signed a Memorandum of Understanding (MoU) for incubating innovative ideas and business start-ups in the domestic energy sector.

Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with production cuts to help rein in global oversupply and tackle flagging prices.

Students may soon be able to get a learner's driving licence at their colleges. According to a proposal by Delhi government, college principals and university registrars will be authorised to issue the licence.

Nearly a month after the Centre rolled out Goods and Services Tax(GST), truck owners say bookings have dropped by 30% to 40%, with consignors, consignees and transporters yet to understand and incorporate the new tax norms.